Black money

Anil Ambani gets HC relief in black money case

A show cause notice was issue to Anil Ambani under the Foreign Black Money Act for non-disclosure of assets worth Rs 814 crore. The notice also accused Anil Ambani of tax evasion of Rs 420 crore. 

published on : 27th September 2022

Rs 14,820 crore tax demand raised under black money law on foreign income: Govt 

Finance Minister Nirmala Sitharaman apprised the House of the various measures taken by the government to bring to tax the undisclosed foreign assets and income in the recent past.

published on : 25th July 2022

I-T department detects Rs 500-crore black income after raids on two TN groups

In case of one group, it has been found that the payments made for these bogus purchases, etc., were being received back in cash by the group.

published on : 12th July 2022

'Wasn't it PM's promise to bring back black money?' Rahul on jump in Indians' funds in Swiss banks

Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to a 14-year high of 3.83 billion Swiss francs.

published on : 17th June 2022

Government sets timelines for black money probe, makes sweeping changes in existing laws

Once a probe is initiated in an undisclosed foreign income or asset, the relevant foreign authorities should be approached under available tax treaties/legal instruments within 21 days.

published on : 7th March 2022

Black money probe: Tax haven trusts come under scanner for Swiss bank accounts

Several individuals who are suspected to have moved abroad after evading taxes back in India are also being probed and their banking details are in the process of being shared. 

published on : 5th January 2020

Karti Chidambaram gets anticipatory bail in Black Money case

The Madras High Court granted anticipatory bail to former Union Minister P Chidambaram's son in connection with the warrant issued by the I-T for allegedly not disclosing foreign assets.

published on : 10th June 2018

Finance Minister Arun Jaitley defends demonetisation, says it succeeded in unearthing black money, preventing corruption

He also informed the House that data analytics was being used to match information in IT returns with cash deposit data and identify high risk cases/ groups for necessary verification/investigation.

published on : 22nd March 2018

Law Commission wants betting, gambling legalised

The Law Commission is set to recommend legalising betting in sports and gambling. It will soon submit its report, a draft copy of which has been accessed by Express, to the government and the Supreme

published on : 17th December 2017

Hunt continues for unaccounted wealth at Sasikala family members, associates' premises

The places raided included the residence of M. Natarajan, Sasikala's husband, in Thanjavur; Kodanad Tea Estate belonging to Jayalalithaa; Jazz Cinemas, Midas Distilleries, Jaya TV and Dr Namadhu MGR.

published on : 12th November 2017

Post Demonetisation: Black money still in operation

A majority of people took to digital mode of transactions to make the country cashless following the announcement of demonetization by the Prime Minister Narendra Modi on November 8 last year.

published on : 8th November 2017

Demonetisation intent 'dubious', blogs Aditya Thackeray 

Thackeray who heads the Yuva Sena (youth wing of Shiv Sena), said the government has turned a deaf ear to the people's woes.

published on : 7th November 2017

Twin blow of demonetisation, GST, a complete disaster for economy: Former PM Manmohan Singh 

Former Prime Minister Manmohan Singh said November 8 this year would be observed as black day for our economy and democracy stating demonetisation had claimed at least 100 lives.

published on : 7th November 2017

Multi-agency group on Panama leak to probe Paradise Papers; SEBI to investigate firms on list

The vast leak of financial papers has details on 180 countries, India ranks 19th in terms of the number of names.

published on : 6th November 2017

Modi accuses former PM Indira Gandhi of not going for a note ban when needed

PM Modi while addressing the Parivartan Rally in Himachal Pradesh said that the election has become one-sided as the Congress have run away.

published on : 5th November 2017

Rs 4,000 crore fraud by shell firms found since demonetisation, says PM Modi as 2.24 lakh companies struck off, 3.09 lakh directors disqualified

With the first anniversary of demonetisation approach­ing, the government has raised the pitch to prove that its decisi­o­n to ban high-value notes has worked.

published on : 5th November 2017

Demonetisation a courageous decision to challenge black money: Sushma Swaraj

Prime Minister Modi on November 8, 2016, demonetised Rs 500 and Rs 1,000 notes in a bid to clamp down on black money, fake currency menace, terror funding and corruption.

published on : 23rd September 2017

India, Switzerland to cooperate in fighting against black money

Prime Minister Narendra Modi on Thursday held delegation level talks with the President of the Swiss Confederation, Doris Leuthard.

published on : 31st August 2017

Just 1.4 per cent old Rs 1,000 notes not returned post note ban: RBI

All but 1.4 per cent of the old Rs 1,000 notes have come back into the banking system post demonetisation.

published on : 30th August 2017

Aadhaar one of measures to tackle corruption, black money: SC

The apex court said "malafides" cannot be attributed to the Aadhaar scheme as it would go a long way to check and minimise the malaise.

published on : 9th June 2017
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